Australian government is slowing down. It is flat in the session. The jci and jakarta composite index just started off its trading day. Dollar index moving to the upside. Sterling is flat at the moment after gains. Those gains coming about after we got brexit talks being extended to the end of october. That is adding some optimism that may be a deal could be done after one of the chief eu sides comingid see close together at the end of last week. Crude oil and gold moving to the downside as we have limbo in regards to the fiscal package or stimulus package out of capitol hill. Lets have a look at what is going on in terms of the first word news as we get over to new york and join Karina Mitchell. Karina global coronavirus numbers continue to make headlines with the u. S. Reporting record infections for the second day in a row. The white house saying the administration is not going to control the crisis. the news comes as Vice President mike pences chief of staff tests positive. Withe h
And maybe some headlines on stimulus before then hit a bit of a dip here dow down 150 or so. The nfl confirms covid cases among players and nonplayers with the Tennessee Titans. And governor comeau saying theyre now up 3 . We might start to talk about schools closing. Meanwhile valuations is where we will begin this morning as investors try to interpret data. The price to earnings ratio of a nasdaq 100 of the last ten years, the pe ratio, it is doubled and it is at that alltime high. As you see up there above 30 it was at around 15 to 18. 40 of that index is made up of just the five biggest tech stocks so here is the question. Are stock prices in big tech stretched to a point where the value wakes no longer makes sen. We have the editor and chief of the verge joining us we have not seen valuations among the biggest stretched to this point in a long time. I kaech hearing this whole peer group value thing, but what if theyre all out of whack yeah, i think that is a big question why would
Afshin rattansi were going underground or whats supposed to be week 2 of julie the songes london trial from the country with one of the highest coronavirus death rates on earth coming up in the show with nato nations panicking over a Global Economic catastrophe amidst a pandemic and Climate Crisis where the Global Economy ever recover after millions of lost their jobs since the start of the 1st covidien used lockdown could coronavirus mean the end of capitalism and globalization as we know it and are our politicians really fit for purpose joining me now from new york city is the author of the ages of globalization Geography Technology and institutions and director of the Sustainable Development Solution Network professor Jeffrey Sachs of the center for Sustainable Development at Columbia University thank you so much jeffrey for coming on before i even get to the book in the past few days theres been a story that will go and did on arguably 13000 refugees on the island of les was in gre
A Global Economic catastrophe amidst a pandemic and Climate Crisis will the Global Economy ever recover after millions of lost their jobs since the start of the 1st covidien used lockdown could coronavirus mean the end of capitalism and globalization as we know it and are our politicians really fit for purpose joining me now from new york city is the author of the ages of globalization Geography Technology and institutions and director of the Sustainable Development Solution Network professor Jeffrey Sachs of the center for Sustainable Development at Columbia University thank you so much jeffrey for coming on before i even get to the book in the past few days theres been a story that will commented on arguably 13000 refugees on the island of lesbos in greece all there are makeshift homes were burnt down somehow an emblematic vision of globalization in 2020. There are a lot of people being displaced and there are a lot of people suffering to right now actually not only do we have a pand
A contentious election thats returned Alexander Lukashenko to power for 6 term and a race against time off the coast of volunteers work to stem the flow of oil spilling from a stricken japanese vessel. And im santa how much now have all the sports. Book the spot in the semifinals of the earth or league it with a victory over by leverkusen. As president michel aoun has accepted the resignation of his Prime Ministers government it follows mounting public anger of last weeks explosion in the capital beirut which left more than 200 people dead thousands more injured and hundreds of thousands Homeless People have been taking to the streets to voice their anger at the ruling elite as Bennett Smith now reports from bay of it. Lebanons government has finally caved in like a shot at buildings along beiruts waterfront it took an explosion of 2700. 00 tons of Ammonium Nitrate to bring down the Prime Minister and cabinet. Today we followed the will of the people to hold accountable those responsib